Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. pagley company's standard labour cost of producing

Pagley Company's standard labour cost of producing one unit of product DD is 3.45 hours...

60.1K

Verified Solution

Question

Accounting

image

Pagley Company's standard labour cost of producing one unit of product DD is 3.45 hours at the rate of $14.70 per hour. During August, 47,570 hours of labour are incurred at a cost of $15.00 per hour to produce 13,400 units of product DD. (a) Your answer is correct. Calculate the total labour variance. 33969 Total labour variance Unfavourable SHOW SOLUTION LINK TO TEXT At (b) Your answer is correct. Calculate the labour price and quantity variances. 14271 Labour price variance: Unfavourable 19698 Labour quantity variance: Unfavourable SHOW SOLUTION LINK TO TEXT At (c) Calculate the labour price and quantity variances, assuming the standard is 3.70 hours of direct labour at $15.20 per hour. Labour price variance: S Labour quantity variance: S LINK TO TEXT

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students